Ill. Admin. Code tit. 50 § 8100.900

Current through Register Vol. 48, No. 50, December 13, 2024

Section 8100.900 - Impairment

Impairment occurs:

a) when an insurer does not possess assets equal to at least its total statutory liabilities; or

b) when its surplus as regards policyholders is 75% or less of the paid-up capital as shown in the most recent annual statement of the company on file with the Division.

Ill. Admin. Code tit. 50, § 8100.900

Amended at 34 Ill. Reg. 852, effective December 29, 2009